In general, this principle is formulated as 20% of the efforts give 80% of the result, and the remaining 80% of the efforts – only 20% of the result. 20/80 law is applicable in almost all areas of life. For example, according to this law, 20% of criminals commit 80% of crimes.
Knowing how to use Pareto Law properly will help you not only in your professional life but also in your daily life. This is a handy little trick that can help you predict the outcome. For example, if you are an outgoing person, then you most likely have many friends. Think about which of these people will come to your aid in a difficult situation. Probably, there will be few of them, just something around that notorious 20%. It is worth taking note of this and trying to keep in touch with these 20%, instead of wasting time with virtual friends.
How it works
According to Pareto’s Law, you should do all unimportant tasks when your productivity is low. For example, many people, as soon as they come to work in the morning, cannot immediately get involved in the work process. They need to chat with colleagues, have a cup of coffee, or do something else that will help them get in the mood for work.
Only in this case they will be able to work productively. It is important to prioritize work tasks. Try to complete important tasks at a time of day when your performance is at a high level.